How Much Does 2001 Hyundai Tiburon Insurance Cost?

Searching for cheaper car insurance rates for your Hyundai Tiburon? No one likes having to buy car insurance, especially when their premiums are through the roof. Companies like Allstate, Progressive and Geico all claim big savings, bombarding you with TV and radio ads and it can be hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

You should take the time to do rate comparisons before your policy renews because insurance rates are usually higher with each renewal. Even if you got the best deal for Tiburon coverage last year you will most likely find a better rate today. Starting now, block out anything you think you know about car insurance because you’re going to learn one of the quickest ways to reduce your cost while increasing coverage.

How to Lower Your Auto Insurance Cost

Finding cheaper 2001 Hyundai Tiburon auto insurance prices isn’t really that difficult. All you need to do is take the time to compare quotes online with multiple companies. It is quite easy and can be accomplished in a couple of different ways.

  1. One of the simplest ways to find low rates is an all-inclusive rate comparison click to view form in new window. This easy form keeps you from doing separate quote forms for each company. Filling out one form will return quotes from several companies.
  2. A less efficient way to shop for auto insurance online is going to each company website to complete a price quote. For sake of this example, let’s assume you want rates from Geico, Progressive and GMAC. You would have to spend time on each company’s site and enter your policy data, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

Which method you use is up to you, but ensure you’re using exactly the same quote information for every quote you compare. If you compare differing limits it will be very difficult to decipher which rate is best.

Cut prices on Hyundai Tiburon insurance

Car insurance is not cheap, but there could be available discounts that can drop the cost substantially. Most are applied at the time of purchase, but some may not be applied and must be asked about in order for you to get them. If they aren’t giving you every credit possible, you are throwing money away.

  • Military Rewards – Having a family member in the military could mean lower rates.
  • Homeowners Discount – Owning a home may earn you a small savings due to the fact that maintaining a home shows financial diligence.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same insurance policy could earn a price break for each car.
  • No Charge for an Accident – Certain companies allow you one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Clubs and Organizations – Belonging to a qualifying organization could qualify you for a break when buying insurance for Tiburon coverage.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
  • Braking Control Discount – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
  • No Accidents – Good drivers with no accidents pay much less when compared to accident-prone drivers.
  • 55 and Retired – If you’re over the age of 55, you may qualify for reduced rates for Tiburon coverage.
  • Life Insurance Discount – Companies who offer life insurance give a discount if you purchase life insurance.

Keep in mind that many deductions do not apply to the entire cost. Most only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates all the discounts add up to a free policy, it doesn’t quite work that way. But any discount will reduce your premiums.

A partial list of companies that may have these discounts include:

Before buying, ask every prospective company what discounts are available to you. All car insurance discounts may not apply everywhere.

Hyundai Tiburon insurance rates can be determined by these details

Consumers need to have an understanding of the different types of things that go into determining insurance coverage rates. Having a good understanding of what determines base rates enables informed choices that may reward you with much lower annual insurance costs.

Listed below are a partial list of the pieces insurance coverage companies consider when setting rates.

  • Rates may be lower depending on your job – Did you know that where you work can have an impact on rates? Careers like doctors, executives and accountants tend to have higher rates than average attributed to job stress and long work days. On the flip side, occupations like scientists, athletes and performers receive lower rates for Tiburon coverage.
  • Do you need the policy add-ons? – There are many add-on coverages you can purchase when buying insurance coverage. Coverages for rental car reimbursement, better glass coverage and additional equipment coverage may be costing you every month. These may sound like a good investment at first, but now you might not need them so eliminate them to save money.
  • High credit ratings translate to low rates – Credit rating is a important factor in determining what you pay for insurance coverage. Consumers who have high credit scores tend to be less risk to insure than drivers with lower ratings. Therefore, if your credit history can use some improvement, you could be paying less to insure your 2001 Hyundai Tiburon by improving your credit score.
  • Tickets mean higher rates – Even one speeding ticket may increase your cost twenty percent or more. Drivers with clean records tend to pay less for car insurance compared to drivers with tickets. If you have flagrant violations such as hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.
  • Being married is a good thing – Getting married actually saves money on your policy. It means you’re more mature and it’s statistically proven that being married results in fewer claims.
  • Your location is important – Living in small towns and rural areas can save you money when insuring your vehicles. Fewer drivers means a lower chance of having an accident. Urban drivers regularly have traffic congestion and much longer commute distances. Higher commute times means higher likelihood of an accident.
  • Higher safety ratings means cheaper insurance – Vehicles with high crash test scores tend to have better insurance rates. Safer cars result in less severe injuries and fewer injuries translates into savings for insurance companies passed on to you as lower rates. If your Hyundai has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • You might want pay the small claims yourself – If you tend to file frequent claims, you can definitely plan on either policy cancellation or increased premiums. Companies award better rates to policyholders who are claim-free. Your insurance policy is meant to be used in the event of major claims that would cause financial hardship.

Tailor your coverage to you

When it comes to buying proper insurance coverage, there really is not a perfect coverage plan. Everyone’s situation is unique so your insurance needs to address that. For instance, these questions can help discover whether your personal situation would benefit from professional advice.

  • Am I covered by my spouse’s policy after a separation?
  • When do I need to add a new car to my policy?
  • Is pleasure use cheaper than using my 2001 Hyundai Tiburon to commute?
  • Where can I find high-risk insurance?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Is my babysitter covered when using my vehicle?
  • What if I don’t agree with a claim settlement offer?
  • Do I have coverage when making deliveries for my home business?
  • I don’t drive much so do I pay less?
  • Is upholstery damage covered by car insurance?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Specific coverages for a 2001 Hyundai Tiburon

Having a good grasp of car insurance aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Listed below are typical coverage types available from car insurance companies.

Comprehensive insurance

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, theft and damage from flooding. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverage protection

Collision coverage covers damage to your Tiburon resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like sideswiping another vehicle, sustaining damage from a pot hole, driving through your garage door and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually these limits are identical to your policy’s liability coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for expenses such as dental work, EMT expenses, funeral costs, nursing services and hospital visits. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto liability

This can cover injuries or damage you cause to a person or their property that is your fault. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as attorney fees, structural damage, repair costs for stationary objects, emergency aid and loss of income. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Knowledge is power

In this article, we covered quite a bit of information on how to get a better price on 2001 Hyundai Tiburon insurance. The key concept to understand is the more price quotes you have, the higher your chance of finding lower rates. You may even find the lowest rates come from a company that doesn’t do a lot of advertising. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Allstate, Geico and Progressive.

Low-cost insurance can be found on the web and also from your neighborhood agents, and you should be comparing both so you have a total pricing picture. A few companies may not provide the ability to get a quote online and these regional insurance providers work with independent agents.

When shopping online for insurance coverage, make sure you don’t reduce needed coverages to save money. In too many instances, an insured cut full coverage only to regret at claim time they didn’t purchase enough coverage. The proper strategy is to purchase plenty of coverage at an affordable rate.

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